Economics Homework Help. Dunwoody College of Technology Monopoly and Economy Questions
I’m working on a economics discussion question and need an explanation and answer to help me learn.
1. Explain why marginal revenue is less than price for a monopolist.
2. Explain the difference between pure monopoly and natural monopoly.
3. Why does one electric company can operate more cheaply than two for a given city?
4. Under what circumstances monopoly may offer efficiency advantages over perfectly competitive industry.
5. Discuss the difference between monopolistic competition and monopoly.